This is your complete guide to the average electric bill in New York 2024. Are you a resident of the state of New York, or looking to move to New York and wondering what electricity costs are going to be like? Since New York state is a deregulated electricity state, consumers have options who their electricity providers with competitive rates. While the average New York electric bill is around $200, depending on where you live, that could be drastically different.
So, if you want to learn all about the average New York electric bill for 2024, keep reading our guide. We are going to cover all major areas of New York State and let you know the average New York electricity price in each area.
We hope you find this post helpful and if you are looking for different ways to become more energy efficient be sure to check out our energy savings calculator!
What is the Average Electric Bill in New York?
The average electric bill in New York state costs consumers around $215 a month. The average cost of kWh in NY is $0.23, making it higher than the national average for total utility consumers. That makes the average electric bill in New York one of the most expensive for electricity in the United States.
An important thing to remember is that there are many factors that will contribute to how high or low your NY electric bill is, no matter where you live. Depending on the size and type of your residency, as well as, how efficient it is can drastically change your electric bill. Our article is going to cover the average New York electricity rates for 2024, so keep that in mind!
What is the average electric bill per month in the US?
The national average for residential electricity is about 17 cents per kWh. That would make the average electric bill per month in the US around $150 per month. The average residential utility consumer uses around 886 kWh per month, which multiplied by the national average of kWh cost, gets you the monthly electric bill average. With that being said, electricity costs are extremely variable throughout the United States, so your bill might be very different.
What is the cost of kWh in New York state?
Since New York state is a deregulated energy state, there are variable prices throughout the region. The average cost for kWh in New York State is 21 cents/kWh, with some rates being as high as 24 cents/kWh.
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What are the New York Electricity Rates 2024?
As we covered above, New York has a deregulated energy market, which means that depending on where you live, your electricity rate could be different. Consumers who live in Suffolk County can be paying upwards of $0.24 per kWh whereas those in Erie County are only paying about $0.16 per kWh. That’s why we are going to cover most of the major areas of New York State and let you know the average electric bill NY for each area. As a rule of thumb, these New York electricity prices should be used as just averages, as there are many different factors as to why your electric bill could be higher or lower.
What is the average electricity bill in New York City?
The average electric bill in New York City is about $300 for utility consumers, making it among the highest in the nation. The average cost for electricity in NYC is about 60% higher than the national average, with the national average electric bill costing about $2,312 per year. Those in NYC will pay around $3600 annually for their average electricity bill.
How do different neighborhoods in New York City compare in terms of average electric bill costs?
Consumers living in NYC will pay different rates depending on which neighborhood they live in. The following are the average monthly electric bills for utility consumers who live in each of these NYC neighborhoods:
- Brooklyn – $315
- Bronx – $308
- Queens – $327
- Staten Island – $308
- Manhattan – $242
As you can see, each NYC average electricity bill cost is around $300, but those in Queens pay the most for their electricity rates.
What is the average cost of kWh in NYC?
The average cost of kWh in NYC is about 23 cents per kWh which is right on par with the state average. New York state averages out as one of the most expensive states for electricity rates, including NYC which is about 60% higher than the national average.
What is the average electric bill Long Island?
On average, those who live in Long Island will be paying around $250 for their average electricity bill. That is about 30% higher than the national average, but still cheaper than those who live nearby in NYC. Those living in Long Island should plan on paying at least $3,000 a year on their electricity costs.
How much is Putnam County electric?
The Putnam County electricity rate is $0.14/kWh, putting the average monthly electricity bill at $143 a month. The national average for electricity rates as of February 2024 was $0.17 per kWh, making Putnam County less than the national average.
What are the Buffalo electricity rates?
The average residential electricity rate in Buffalo, NY is $0.17 per kWh, which is right at the national average. Residents in Buffalo actually have a lower average electricity rate than the state of NY, with electric bills averaging at about $160 per month.
What are electricity prices in Rochester, NY?
The average electricity prices in Rochester, NY are $0.14 per kWh, much lower than the New York State average. In Rochester, NY, energy consumers pay $139 per month on average for their electricity bills for residential areas.
How much is Albany Electric Pricing?
The average residential electricity rate in Albany, NY is $0.20, putting it lower than the state average which is $0.23 as of February 2024. On average, residents in Albany, NY can expect to pay about $193 per month for their electricity bill.
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Map of Electric Companies Servicing New York State 2024
What are the major New York state electric companies?
- Con Edison – Serving New York City and Westchester County
- National Grid – Serving Upstate New York and Long Island
- NYSEG – Serving parts of upstate New York
- RG&E – Serving parts of upstate New York
- Orange & Rockland – Serving parts of upstate New York and New Jersey
- Central Hudson Gas & Electric – Serving parts of upstate New York
Related Post: Which States Have Deregulated Energy?
Average Electric Bill in New York FAQ
Q: How much is an electric bill per month in New York?
A: The average electric bill in New York state is about $216, which is higher than the national average. New York utility consumers can expect to pay about 21 cents/kWh for their electricity rates.
Q: Is the cost of an electric bill in New York City higher or lower than the national average?
A: The cost of an electric bill in New York City is higher than the national average. The average electric bill in New York City is about $220 a month, which is more than the current national average.
Do you Need Cheaper Electricity?
If you’ve taken the time to understand the information on your bill and discovered you’re paying more than you’d like for your electricity, have you looked around for a cheaper deal? The Energy Professor has a wealth of information on ways to save on your utilities, including details of top deals that could significantly reduce your monthly or quarterly electricity bills.
We hope you found this article helpful! If you are looking for ways to increase energy efficiency and sustainability in your home be sure to take a look at all of the latest renewable energy options in your area. The Energy Professor helps residential and small business owners find qualified energy suppliers in New York, New Jersey, Pennsylvania, Texas, Ohio, Maryland, Illinois, and Massachusetts